# Innovation Fund

> Innovation Fund is a VC fund backing Health Care and Manufacturing. See 31 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Brussels, Belgium
- Total investments: 31
- Last investment: Mar 2025
- Lead investor: 26%
- Last updated: Aug 2026
- Website: http://www.innovationfund.eu

Innovation Fund is a VC fund in Brussels focused on Health Care and Manufacturing. Chemical, Advanced Materials, Cosmetics, Recycling, CleanTech, Plastics and Rubber Manufacturing, Nanotechnology, Biosciences

## Contacts

5 contacts available for Innovation Fund. Shizune tracks 3 team members at Innovation Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/innovation-fund-2?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $329k–$6M |
| Series A | $2.2M–$5.7M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 6 | 19% |
| Manufacturing | 6 | 19% |
| Biotechnology | 5 | 16% |
| Information Technology | 5 | 16% |
| Chemical | 4 | 13% |

50 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 11 | 35% |
| Funding Round | 8 | 26% |
| Series A | 4 | 13% |
| Series B | 4 | 13% |
| Venture - Series Unknown | 3 | 10% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Belgium | 17 | 55% |
| France | 4 | 13% |
| Luxembourg | 1 | 3% |
| Switzerland | 1 | 3% |
| United States | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Pol-Henry Bonte | Partner | 17 | https://shizune.co/investors/profile/pol-henry-bonte |
| François Cornelis | Founder, CEO and Chairman | 1 | https://shizune.co/investors/profile/fran%C3%A7ois-cornelis |
| Olivier Chapelle | Director | 0 | https://shizune.co/investors/profile/olivier-chapelle-0ca4 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Aloxy | Aloxy provides an industrial internet of things solution for monitoring manual valve position in the industry. The company's services include valve position monitoring, emergency showers, line blinds, device management, network monitoring, and data integrity. Aloxy provides dependable industrial Internet of Things solutions designed to meetthe demands of the process industries, including chemical, oil, and gas, and others. | $8.1M |  | Mar 11, 2025 |  |
| Fyteko | Fyteko is an agtech company that develops and produces advanced plant biostimulants. | $13.6M | Series B | Feb 13, 2025 |  |
| Graftys | Graftys, an Aix-en-Provence, France-based early stage company focused on advanced bone biologics. | $2M | Venture - Series Unknown | Jul 18, 2022 |  |
| Aloxy | Aloxy provides an industrial internet of things solution for monitoring manual valve position in the industry. The company's services include valve position monitoring, emergency showers, line blinds, device management, network monitoring, and data integrity. Aloxy provides dependable industrial Internet of Things solutions designed to meetthe demands of the process industries, including chemical, oil, and gas, and others. | $4M | Venture - Series Unknown | Jun 16, 2022 |  |
| SENSE in | SENSE in manufactures monitoring solutions based on thermomechanical sensors sensitive to deformation, pressure, temperature, humidity, and more. Their solutions evaluate in real time or periodically the expected characteristics and alert on abnormal behavior, threshold overruns, and damage. |  |  | Jun 07, 2022 |  |
| SENSE in | SENSE in manufactures monitoring solutions based on thermomechanical sensors sensitive to deformation, pressure, temperature, humidity, and more. Their solutions evaluate in real time or periodically the expected characteristics and alert on abnormal behavior, threshold overruns, and damage. | $1.6M | Seed | May 09, 2022 |  |
| Terakalis | Terakalis is the result of a technological partnership started in 2012 with the Charles Coulomb laboratory (L2C), a mixed CNRS-University of Montpellier unit. The field of TeraHertz electromagnetic waves (100 Ghz-10THz) is at the heart of this collaboration. | $3.2M | Series A | Mar 18, 2022 |  |
| Saturne Technology | Saturne Technology is specialized in laser-cutting, laser-drilling, laser-welding and laser-cladding, using a manufacturing process by Selective Laser Melting (SLM) (i.e. metallic 3D-printing using fine metallic-powder bed). | $4M | Venture - Series Unknown | Mar 11, 2022 |  |
| Timeseer.AI | Our mission is to help the connected industry economy thrive based on reliable IIoT data. Increasing the power and value of data and to ensure it can be treated as an asset. | $6M | Seed | Jan 07, 2022 |  |
| Daphne Technology | Daphne Technology is developing a catalyst-free, nano-technology that helps the petrochemical, power and transportation industries reduce air emissions to the levels required by international and national regulations. Daphne Technology’s patented solution can be miniaturized and is especially well-suited to meet the requirements of marine vessels.This approach reduces capital costs when compared to other technologies and can also be used without switching fuel, resulting in a substantial reduction in operating costs. | $10.9M | Series B | Oct 29, 2021 |  |

10 of 31 investments shown.

## Co-investors
- [GO CAPITAL](https://shizune.co/investors/profile/ouest-ventures) — VC Fund, 4 deals together
- [Qbic Fund](https://shizune.co/investors/profile/qbic-fund) — VC Fund, 4 deals together
- [Gemma Frisius Fund](https://shizune.co/investors/profile/gemma-frisius-fund) — VC Fund, 3 deals together
- [Industrya](https://shizune.co/investors/profile/industrya) — VC Fund, 3 deals together
- [Meusinvest (Noshaq)](https://shizune.co/investors/profile/meusinvest) — VC Fund, 3 deals together
- [Theodorus III](https://shizune.co/investors/profile/theodorus-iii) — VC Fund, 3 deals together

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### Similar country
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## FAQ

### What does Innovation Fund invest in?

Innovation Fund invests primarily in Health Care, Manufacturing and Biotechnology startups, most often at Seed and Funding Round stage. Most of the 31 investments tracked by Shizune back companies in Belgium. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Innovation Fund's check size?

Innovation Fund typically joins rounds of $329k–$6M at Seed and $2.2M–$5.7M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Innovation Fund participates in.

### How do I contact Innovation Fund?

Public channels for Innovation Fund include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Innovation Fund?

The team at Innovation Fund includes Pol-Henry Bonte (Partner), François Cornelis (Founder, CEO and Chairman) and Olivier Chapelle (Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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